Using the percent of sales method, and assuming 20% growth in sales, estimate Billy's Burgers' depreciation for 2011.

		$12.0 million
		$20.6 million
		$50.8 million
		$17.2 million

Figures in $ millions
Income Statement	2010	Balance Sheet	2010
Net Sales	246.0	Assets
Costs exc. Dep.	187.0	Cash	8.0
EBITDA	59.0	Accts. Rec.	21.0
Depreciation	17.2	Inventories	23.0
EBIT	41.8	Total Current Assets	52.0
Interest	12.0	Net PP&E	145.0
Pretax Income	29.8	Total Assets	197.0
Taxes	10.4
Net Income	19.4	Liabilities and Equity
		Accts. Payable	18.0
		Long-Term Debt	82.0
		Total Liabilities	100.0
		Total Stockholders' Equity	97.0
		Total Liabilities and Equity	197.0